Brett Resources Inc.

Brett Resources Inc.

February 16, 2010 09:00 ET

Brett Resources Inc.: Underwriters Exercise Over-Allotment Option

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 16, 2010) - Brett Resources Inc. (TSX VENTURE:BBR) (the "Company" or "Brett") is pleased to announce that the underwriters (Dundee Securities Corporation, Canaccord Financial Ltd., and Cormark Securities Inc.) of the Company's recently closed "bought deal" equity financing have provided Notice of exercise of their over-allotment option to purchase an additional 1,863,750 common shares of the Company at a price of $2.10 per share for total gross proceeds of $3,913,875. The closing of the purchase of these shares is scheduled to take place on Wednesday, February 17, 2010.

About Brett Resources Inc.

Brett Resources Inc. is a Canadian minerals exploration company whose primary mandate is the discovery, acquisition, and development of precious metals systems, with particular expertise in Canada and Latin America. Since 2006 Brett's primary focus has been the 100 percent owned Hammond Reef Gold Deposit in Ontario where a C.I.M. Inferred Resource of 6.70 million ounces of gold, 259.4 million tonnes at a grade of 0.8 grams per tonne utilizing a 0.3 gram per tonne gold cut-off has been outlined. The Company will continue to advance this flagship Project.

Patrick Soares, President & CEO

Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Contact Information